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Thursday, February 28, 2019 11:43:04 AM
As the plaintiff held an interest, there was no result which would have come which did not involve them receiving fair value.
They didn't "settle", they bought out the partner. There's a difference, and, yes, I consider such a matter "dismissed". (waved off).
A "dismissal" of the suit (legal definition) would still have had the very same problematic partner remaining, holding their interest.
These exact cases are always about "buying them out".
The "settlement" you're referring to was simply to buy out the partner for fair market value.
6MM for 50% (including real property) of their best performing (vertically integrated) NV retail location is a very reasonable (and wise) transaction.
It's too personal to be business.
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